XTRAS: Reliance Textile Industry introduced the equity culture in India by announcing its IPO in 1977. It was the first-ever company in India to have launched an IPO. It was oversubscribed by 7 times.
RIL is India’s largest and most profitable private sector company. It continued to be a significant global player in the integrated energy value chain while establishing leadership positions in the retail and digital services business in India.
It has evolved from being a textiles and polyester company to an integrated player across energy petrochemicals, natural resources, retails, and telecommunications and operates world-class manufacturing facilities across the country. Today, RIL has over 30 lakh shareholders. Also, the company has over 24,000 employees. It has 158 subsidiary companies and 10 associate companies in different fields.
FINANCIAL HIGHLIGHTS
• Reliance Industries has reported revenue growth of -27.09 % in FY21 which is poor in relation to its growth and performance in the last financial year.
• Over the last few years there has been a rise in total assets, however there was decline in FY21 due to pandemic.
• In FY20 the net profit of the company showed a downward trend but it improved in FY21 despite pandemic which is a good sign.
• The current year dividend for Reliance Industries is Rs 7 and the yield is 0.27 %.
CASH FLOW ANALYSIS
• The cash flow from operations during the year stands out to be positive which is good sign for the company.
• The company's cash flow from investing activities is more negative which means that company generating cash from operations is used to invest in long term assets like the purchase of property plant and equipment and intangible assets
• The net cash flow was increasing over the years but decreased in FY21 which can be because of increase in Capex in different sectors in which Reliance is expanding its business.
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